"The whole China ferrous futures complex is reacting zealously to reports that the country is contemplating exiting its 'zero-tolerance' stance towards covid-19."
CATL chairman Zeng Yuqun submitted four proposals to China’s annual parliamentary session, including speeding up exploration and development of lithium resources.
Government agencies have been ordered to push state-owned buyers to scour markets for materials including oil and gas, iron ore, barley and corn to fill any potential gaps.
China aims to "fundamentally" solve the shortage issue in steelmaking ingredients in 10-15 years, said the vice-chairman of the China Iron and Steel Association.